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HOME LOANS
WITH MAINE STATE CREDIT UNION


At Maine State Credit Union, we will work with you the entire way to help you get into your dream home, whether you are a first-time home buyer or purchasing a cabin on the lake. Our team of mortgage experts will guide you through the entire process. Contact one of our mortgage lenders to get started today

Mortgage Products

We have various low-cost mortgage products to help you great into your dream or vacation home.


• 10, 15, 20, 30 - year mortgages

• Year adjusted mortgage rates options

• Mobile home loans

 

Mortgage Rates

View Rates

Maine State Credit Union Home Loans

Congratulations on being ready to purchase a home. We are here to help you through the entire process. Our team is ready to help you with:

More affordable
down-payment

As a credit union, we prioritize our members and provide affordable down payment choices, allowing you to contribute a minimal amount of your own funds when purchasing a home.
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Grants Available

Maine State Credit Union has partnered with Federal Home Loan Banks to help provide first time home buyers with down payment assistance, when funding is available
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Reduced Closing Costs and Other fees

In keeping with our dedication to homebuyers, we diligently strive to diminish closing expenses, lightening your financial load.
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Include home improvements as part of your mortgage

If you're looking to enhance your new home right from the start, we offer the opportunity to incorporate the costs of home improvements into your mortgage as part of our product offerings.
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Your Home Buying Journey: Let Us Guide You

To support your journey towards homeownership, we encourage you to connect with our team and take advantage of our available resources. Reach out to us, and let us assist you in gaining the knowledge you need as you navigate the home buying process.

Pre-approval Process

Get pre-approved for your mortgage and make sure you do not miss out on your dream house.

Get Pre-Approved

Use Our Mortgage Calculator

Estimate Your Monthly Payment

Principal & Interest

Property Taxes

Home Insurance

Mortgage Insurance

Apply Now

This calculator is for estimation only. Actual values may differ*

Mortgage Checklist

As you prepare to start the mortgage application process, gather these documents before you start. This will save time as you move through the system.

  • Recent copies of your W2” to Last 2 years of W2’s or Tax filings (if self employed)
  •  Paystubs
  •  Investment statements
  •  401K statements
  •  Bank Statement
  •  Valid Photo ID
  •  Copy of the purchase and sales agreement

Mortgage Timeline

1. APPLICATION

  • Collect Paystubs / W-2’s

  • Mortgage loan officer will reach out discuss loan programs currently offer to choose best fit

  • Check out of mortgage timeline or resources on website to look at what’s involved in the process

2. LOAN REQUEST REVIEW

  • Our team will review credit and current income

  • We’ll generate documents for your pre-approval or purchase

  • Important to monitor emails or calls from loan officer with notifications

3. COLLECT INITIAL DOCUMENTS

  • We’ll collect all documents (Purchase & Sales agreement, Bank Statements, initial disclosures, etc)

  • Important to have all documents ready to send in once under contract to make a smooth process

4. APPRAISAL & TITLE WORK ORDER

  • Once all documents have been reviewed by our team, we’ll place the orders for title work and the appraisal

  • Appraisals and title work typically take 2-3 weeks to complete

  • Loan officer will be in touch with progress updates

5. FINAL REVIEW & PRE-CLOSING

  • Gather homeowners insurance policy for the home

  • Review of title work and appraisal once back

  • You’ll receive a closing disclosure 7 days in advance of closing the loan

6. CLOSING

  • Closings do take place in person either at one of our branches or the title companies office

  • Funds to close do have to be in the form of a bank check or wired to closing agent

  • At closing, you will need to bring the funds to close along with a non-expired, government issued photo ID

Meet Our Mortgage Team

Our team of mortgage lenders are here to help you through the process and answer questions along the way.

Elizabeth Jean

Elizabeth Jean

Senior Vice President of Mortgage

NMLS#
1370770
Phone
(207) 624-0774
Email
ejean at mainestatecu.org
Address
200 Capitol Street, Augusta, ME 04330
Nicole Hotchkin

Nicole Hotchkin

VP Residential Mortgage Lending

NMLS#
1008032
Phone
207-624-0772
Mobile
207-458-5258
Email
nhotchkin at mainestatecu.org
Address
200 Capitol Street, Augusta, ME 04332
Alexander Guiou

Alexander Guiou

Mortgage Officer

NMLS#
2339822
Phone
207-624-0811
Mobile
207-530-1532
Email
aguiou at mainestatecu dot org
Address
200 Capitol Street, Augusta, ME 04332
Travis Rowell

Travis Rowell

Mortgage Loan Officer

NMLS#
1247834
Phone
207-624-0809
Mobile
207-485-2283
Email
trowell at mainestatecu.org
Address
200 Capitol Street, Augusta, ME 04332